PPP Loan information for C & r electric, inc.

$932,500

C & r electric, inc. was initially approved for PPP Loan of amount $932,500, the current approved amount is $932,500. The loan was approved on 04/04/2020 by The Isabella Bank reported 81 jobs and $932,500 was used to fund payroll.

C & r electric, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SHEPHERD / C & r electric, inc.

C & R ELECTRIC, INC.

Date Approved

04/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

C & R ELECTRIC, INC.

Borrower Address

491 E Wright Ave

Borrower City

SHEPHERD

Borrower State

MI

Borrower Zip

48883-9376

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

932500.00

Current Approval Amount

932500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SHEPHERD

Project County Name

ISABELLA

Project State

MI

Project Zip

48883-9376

CD

MI-04

Jobs Reported

81

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

888500.00

Mortgage Interest Proceed

0.00

Rent Proceed

12000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

27000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

938529.32

Forgiveness Date

12/02/2020

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